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Printed Electronics Market to Reach $12.10 Billion by 2022
November 24, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Printed Electronics Market - Global Forecast to 2022" report to their offering.
The printed electronics market was valued at USD 3.13 billion in 2015 and is expected to reach USD 12.10 billion by 2022, at a CAGR of 22.38% between 2016 and 2022.
Printed electronics is gaining a wide momentum owing to the many benefits it offers over conventional printing such as low fabrication cost, scalability, and simple fabrication. Increasing penetration of Internet of Things is necessitating the demand for printed electronics. Printed electronics along with their low cost provides added benefits of thin-form factor, flexibility, stretchability, portability, and rollability, among others.
Other significant factors driving the growth of the printed electronics market is the thin and flexible form factor and significant cost advantages provided by the printed electronics. Increased miniaturization, technological changes, and portability needs of electronic products in different sectors such as telecommunications, packaging, automotive, and medical are driving the demand for flexible electronic products in the market.
The complex manufacturing process poses as a restraint in the market. Some of the challenges in the manufacturing include incompatibility between layers and materials, form factor requirement of products, and requirement of operational voltage and drive current among others.
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